Result Page 92 for Michigan news & latest pictures from ibtimes.com

Travel Picks: Notorious hotel rooms

Some hotels are renowned for their views or for their service. Others are famed for the outrageous, flamboyant or destructive behavior of their guests.

U.S. city of Pontiac feels brunt of GM's pain

The decline of U.S. automakers has for years affected those who live in Pontiac. Now the city's dead look set to feel the pain as well.

Daily Commentary - 29/06/2009

what is a rare occurrence of late the Aussie dollar remained in a narrow trading band between 0.8040 and 0.8090 on Friday to finish the week exchanging at 0.8070. With no local economic data released the AUD searched for direction from offshore threatening to break higher after better than expected German data however a rebound in demand for USD put a lid on any further advances.

GE opening research center in Michigan

General Electric Co plans to open a research center in the economically ailing U.S. state of Michigan, where it will develop new manufacturing technologies.

More news

Ford to get government technology loan: sources

Ford Motor Co will receive a share of $25 billion in government loans designed to help automakers retool factories for making fuel-efficient cars, according to sources familiar with the decision by the Obama administration.

Ford and Nissan to tap factory retool loans: report

The U.S. government plans to disclose that Ford Motor Co , Tesla Motors Inc and Nissan Motor Co will be among the beneficiaries of a $25 billion loan program created by Congress to help auto makers retool factories for advanced-technology vehicles, the Wall Street Journal said.

Michigan, Iowa get Federal funds for energy efficiency, clean energy

The U.S. Department of Energy granted funds from the stimulus package to Michigan and Iowa on Monday to support energy efficiency and renewable energy projects totaling more than $48 million.

U.S. states seek to join feds in AIG bonus probe

U.S. states probing employee bonuses paid by American International Group Inc using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case themselves.

Unemployment rate in western US topples 10 percent

In the month of May unemployment in the West toppled 10 percent for the first time as it reported an unemployment rate of 10.1 percent.

Unemployment rate in western US exceeds 10 percent

In the month of May unemployment in the West toppled 10 percent for the first time as it reported an unemployment rate of 10.1 percent.

Eleven states ask TARP chief for AIG bonus probe

Eleven U.S. states on Friday called for a deeper probe into the $165 million of bonuses that American International Group Inc awarded employees in a unit whose losses led to a federal bailout of the insurer.

U.S. homes recovery distressingly slow: Reuters/UMich

A distressingly slow U.S. housing recovery, with inflation-adjusted home values expected to decline over the next five years, makes it unlikely that housing wealth will drive consumer spending in the next decade, a Reuters/University of Michigan survey found.

Income tax collections drop in states: report

Personal income taxes, a key revenue generator for most U.S. states, plummeted 26 percent, or $28.8 billion, in the first four months of 2009 compared to the same period in 2008, according to a Rockefeller Institute of Government report on Thursday.

Fed's specter could steer GE Capital revamp

The possibility of the Federal Reserve gaining regulatory authority over General Electric Co's hefty finance arm could influence how the company restructures that business.

Chrysler to resume production at 7 plants

Chrysler Group LLC said on Wednesday it will resume production of vehicles in seven North American assembly plants by the end of the month, the first large-scale resumption of production since the Fiat SpA led company acquired Chrysler assets earlier in June.

Judge OKs Delphi's access to $250 million from GM

A federal judge gave bankrupt Delphi Corp (DPHIQ.PK) final approval on Tuesday to tap former parent General Motors Inc (GMGMQ.PK) for access to $250 million in funding that is expected to support the Troy, Michigan-based auto parts supplier until it can emerge from bankruptcy.

Systemic banking risk within Congress' purview

The U.S. Congress probably has broad authority to empower regulators to take over big banks and other giant financial companies, even if shareholders and other creditors lose out, analysts said.

Nearly all dealers agree to work with new GM: CEO

Virtually all dealers asked to do business with the new General Motors Corp after bankruptcy have agreed to do so, while the automaker will work through the weekend to weigh appeals from those that are being cut loose, the company's chief executive said on Friday.